Middle-income Americans will have a more difficult time managing their longevity risk in retirement now that fewer of them have defined benefit plans. Making matters more complicated is that many of these middle-market investors may have saved thousands of dollars throughout their careers in their employer-sponsored defined contribution plans but may not know how they can be certain their money lasts throughout the retirement.
LIMRA’s Retirement Investor Study, published earlier this year, examined middle-income investors’ views of their retirement risks and where annuities might ease those risks.
The research suggests middle-market Americans are aware of their longevity and volatility risks and […]
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